Budgeting

It’s time for the annual budget game. You know the drill. Ask for twice as much as you need so you’ll get enough. Hide some “fat” that you can cut when ordered to trim down. Then spend your full allocation because if you don’t, next year’s budget may be reduced.

When auto insurance provider IMT Group’s CEO stepped down, newly appointed CEO Sean Kelly told the Des Moines Register that his focus was “to keep us ahead on technology so we can take advantage of the predictive modeling opportunity." This is a typical stance for today’s CEO.

Most CEOs know the exact cost of their IT or healthcare spending, yet most don’t know the costs associated with their energy use. For many companies, particularly manufacturing firms, this energy expenditure is larger than healthcare or IT costs and growing faster. Perhaps most importantly, it’s a cost businesses can often reduce by 30 percent or more through active energy ...

When it comes to energy efficiency, advances occur at a rapid clip. New tools, technologies and tracking mechanisms make it increasingly easy to collect data and make cost-saving moves. Here's how to track power use and enlist allies to boost workplace energy efficiency.

While most of the companies are busy cutting cost and downsizing budgets owing to the current economic crisis, industry pundits are of the opinion that it is not only essential to hold on to the existing marketing budget allocations, but also bolster them to extract maximum out of the opportunities triggered by the onset of recession.’ “Don’t cut that ...